Energy Prospectus

There are details on slide 6 of the April slide deck showing what the Company is building in Eddy County, New Mexico. They expect to close the next bolt-on acquisition during May, 2024. It will be an all-cash deal funded by proceeds from the Company's recent equity offering. The assets being acquire...

OKLAHOMA CITY, April 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share . The div...

This morning, I updated my forecast model for Granite Ridge for my updated oil & gas price forecast. My value increases by $0.15 to $8.90/share. At the time of this post GRNT was trading at $6.84 GRNT is in our Small-Cap Growth Portfolio. > It is a "Non-Op" company, similar to Northern...

This morning Mark Lear, a 5-Star rated energy sector analyst at Piper Sandler sent a new report on PR to TipRanks. He rates it a BUY with a price target of $22.00 Since April 5th five energy sector analysts have updated their price targets for TipRanks. The average is $20.80 with a range of $17.00 b...

IEA continues to slant their reports to lower oil demand growth in 2024 than what EIA and OPEC are reporting. However, the global oil market remains very tight with OECD Petroleum Inventories 65 million bbls below the 5-year average. Keep in mind that demand for oil-based products is higher than th...

At the time of this post CTRA was trading at $27.77. I have updated my forecast/valuation model based on my current oil & gas price deck. My valuation goes down by just $0.50 to $30.00, so I rate it a HOLD only for those of you who have a long-term investment horizon and are bullish on natural g...

At the time of this post CIVI was trading at $74.77. Neal Dingmann at Truist Financial and Mark Lear at Piper Sandler (both rated 5-Stars by TipRanks), have recently rated CIVI as a BUY with identical price targets of $103/share. In the last 3 months, 6 ranked analysts set 12-month price targets for...

No news. Just more big money managers discovering that the Trans Mountain Pipeline is going to significantly raise oil prices in Western Canada. My valuation of CPG.TO is $14.39Cdn ($10.65US), which is just 4X annualized operating CFPS. That is a very conservative valuation multiple for a company of...

Thanks for letting us know.

Like Hemisphere, InPlay is now selling their oil at a much higher price. Q1 results will be good and Q2 results should be great for both companies.

Nice article drawing attention to Basin Uranium.

They hosted a webinar for us March 12th. Here is a link to the replay.
https://www.youtube.com/watch?v=35Isx9nshnk